Always buy as much as possible on margin. Nothing ever goes wrong.Farfromgeneva wrote: ↑Thu Sep 16, 2021 2:19 pmThere’s a concept of opportunity cost. Safest is not always low leverage, just like sometimes the best offense is a good defense it is conversely true that generating wealth/income can be the best way to fortify a balance sheet. Homes have carry and fixed depreciating element so if you can use the cash flow to protect the asset or the bank account that could be a better path. Consider that you cannot get cheap high leverage as an individual on anything other than real estate and comparing a truly depreciating asset like a car with a mixed asset (sticks and bricks depreciate, land generally appreciates over time).old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.Typical Lax Dad wrote: ↑Thu Sep 16, 2021 12:55 pm Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
In other words it’s far more idiosyncratic than anyone here should be telling you the answer or or providing definitive advice. The biggest thing I’m focusing on here is the word “safest” it’s just not that simple.
Taliban reclaims Afghanistan
Re: Taliban reclaims Afghanistan
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Re: Taliban reclaims Afghanistan
Never read critically or think just respond. That is always the best path...to be a blow hard.old salt wrote: ↑Thu Sep 16, 2021 2:31 pmAlways buy as much as possible on margin. Nothing ever goes wrong.Farfromgeneva wrote: ↑Thu Sep 16, 2021 2:19 pmThere’s a concept of opportunity cost. Safest is not always low leverage, just like sometimes the best offense is a good defense it is conversely true that generating wealth/income can be the best way to fortify a balance sheet. Homes have carry and fixed depreciating element so if you can use the cash flow to protect the asset or the bank account that could be a better path. Consider that you cannot get cheap high leverage as an individual on anything other than real estate and comparing a truly depreciating asset like a car with a mixed asset (sticks and bricks depreciate, land generally appreciates over time).old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.Typical Lax Dad wrote: ↑Thu Sep 16, 2021 12:55 pm Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
In other words it’s far more idiosyncratic than anyone here should be telling you the answer or or providing definitive advice. The biggest thing I’m focusing on here is the word “safest” it’s just not that simple.
Harvard University, out
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I am going to get a 4.0 in damage.
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Re: Taliban reclaims Afghanistan
You made a mistake cutting your post…..That was YA’s quandary. Mine will be paid off by March or June.old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.Typical Lax Dad wrote: ↑Thu Sep 16, 2021 12:55 pm Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
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Re: Taliban reclaims Afghanistan
Trynna' help a brother out? I can pm my address to send check.old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.youthathletics wrote: ↑Thu Sep 16, 2021 11:59 am Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
A fraudulent intent, however carefully concealed at the outset, will generally, in the end, betray itself.
~Livy
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
~Livy
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
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Re: Taliban reclaims Afghanistan
Making a mortgage payment has your mind stressed out? Really?youthathletics wrote: ↑Thu Sep 16, 2021 4:48 pmTrynna' help a brother out? I can pm my address to send check.old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.youthathletics wrote: ↑Thu Sep 16, 2021 11:59 am Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
“I wish you would!”
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Re: Taliban reclaims Afghanistan
Not at all. what makes you think I am stressed?Typical Lax Dad wrote: ↑Thu Sep 16, 2021 5:02 pmMaking a mortgage payment has your mind stressed out? Really?youthathletics wrote: ↑Thu Sep 16, 2021 4:48 pmTrynna' help a brother out? I can pm my address to send check.old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.youthathletics wrote: ↑Thu Sep 16, 2021 11:59 am Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
A fraudulent intent, however carefully concealed at the outset, will generally, in the end, betray itself.
~Livy
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
~Livy
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
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Re: Taliban reclaims Afghanistan
Wasn’t sure about your response. Nothing wrong with paying 0.99% for a car loan if you have the excess liquidity.youthathletics wrote: ↑Thu Sep 16, 2021 5:11 pmNot at all. what makes you think I am stressed?Typical Lax Dad wrote: ↑Thu Sep 16, 2021 5:02 pmMaking a mortgage payment has your mind stressed out? Really?youthathletics wrote: ↑Thu Sep 16, 2021 4:48 pmTrynna' help a brother out? I can pm my address to send check.old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.youthathletics wrote: ↑Thu Sep 16, 2021 11:59 am Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
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Re: Taliban reclaims Afghanistan
Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
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Re: Taliban reclaims Afghanistan
Yep.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
“I wish you would!”
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Re: Taliban reclaims Afghanistan
I mean if someone’s throwing shekels around I’ll take some and say thank you sir. I got kids .youthathletics wrote: ↑Thu Sep 16, 2021 4:48 pmTrynna' help a brother out? I can pm my address to send check.old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.youthathletics wrote: ↑Thu Sep 16, 2021 11:59 am Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
Harvard University, out
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
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Re: Taliban reclaims Afghanistan
I’m trying to figure out the cost of replacing my wife.Typical Lax Dad wrote: ↑Thu Sep 16, 2021 5:02 pmMaking a mortgage payment has your mind stressed out? Really?youthathletics wrote: ↑Thu Sep 16, 2021 4:48 pmTrynna' help a brother out? I can pm my address to send check.old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.youthathletics wrote: ↑Thu Sep 16, 2021 11:59 am Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
Harvard University, out
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
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Re: Taliban reclaims Afghanistan
If you ever saw the LTV curves on auto loans you’d finance as long as possible. Average timeframe the lender is underwater is up around 36-42mo these days. At least this was true up to about two quarters ago, there’s such a shortage in supply of new and used vehicles that the used auto market is ridiculous.Typical Lax Dad wrote: ↑Thu Sep 16, 2021 5:19 pmWasn’t sure about your response. Nothing wrong with paying 0.99% for a car loan if you have the excess liquidity.youthathletics wrote: ↑Thu Sep 16, 2021 5:11 pmNot at all. what makes you think I am stressed?Typical Lax Dad wrote: ↑Thu Sep 16, 2021 5:02 pmMaking a mortgage payment has your mind stressed out? Really?youthathletics wrote: ↑Thu Sep 16, 2021 4:48 pmTrynna' help a brother out? I can pm my address to send check.old salt wrote: ↑Thu Sep 16, 2021 2:13 pmJust like car loans. The safest investment you'll ever make is interest you don't have to pay. The peace of mind is serene.youthathletics wrote: ↑Thu Sep 16, 2021 11:59 am Waffling now, on paying off the home early....but need to visit someone smarter than me to figure most prudent move.
A reason to get out of Afghanistan as fast as possible to focus more resources on fixing our supply chain-to bring it full circle for you MD
Harvard University, out
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
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Re: Taliban reclaims Afghanistan
My point was Susie Orman, er OS, is giving advice that is generic from a Chinese fortune cookie when these are very individual decisions. Based on his response perhaps I should’ve avoided using words like Idiosyncratic and explained it like Mongo.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
Harvard University, out
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
- youthathletics
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Re: Taliban reclaims Afghanistan
The issue, is that itemizing is harder these days, as I understand it. With the Standard Deduction now being $25,100 filing jointly, your home mortgage really does not help you, as it did in years past.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
A fraudulent intent, however carefully concealed at the outset, will generally, in the end, betray itself.
~Livy
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
~Livy
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
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Re: Taliban reclaims Afghanistan
It depends on your rate and what your alternative use of cash is.youthathletics wrote: ↑Thu Sep 16, 2021 5:51 pmThe issue, is that itemizing is harder these days, as I understand it. With the Standard Deduction now being $25,100 filing jointly, your home mortgage really does not help you, as it did in years past.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
“I wish you would!”
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Re: Taliban reclaims Afghanistan
Does that not depend on the size of the mortgage and your other deductions, taking one above the standard?youthathletics wrote: ↑Thu Sep 16, 2021 5:51 pmThe issue, is that itemizing is harder these days, as I understand it. With the Standard Deduction now being $25,100 filing jointly, your home mortgage really does not help you, as it did in years past.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
Apparently about 34 million households (20% of returns) used to take the deduction, now about 14 million do (8% of returns).
https://www.brookings.edu/opinions/chip ... deduction/
The good news is that if you're under that amount, it's a heck of a lot easier now.
Re: Taliban reclaims Afghanistan
Those 12% in SALT states?MDlaxfan76 wrote: ↑Thu Sep 16, 2021 6:26 pmDoes that not depend on the size of the mortgage and your other deductions, taking one above the standard?youthathletics wrote: ↑Thu Sep 16, 2021 5:51 pmThe issue, is that itemizing is harder these days, as I understand it. With the Standard Deduction now being $25,100 filing jointly, your home mortgage really does not help you, as it did in years past.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
Apparently about 34 million households (20% of returns) used to take the deduction, now about 14 million do (8% of returns).
https://www.brookings.edu/opinions/chip ... deduction/
The good news is that if you're under that amount, it's a heck of a lot easier now.
Re: Taliban reclaims Afghanistan
Interest rates have not always been this artificially low.Farfromgeneva wrote: ↑Thu Sep 16, 2021 5:49 pmMy point was Susie Orman, er OS, is giving advice that is generic from a Chinese fortune cookie when these are very individual decisions. Based on his response perhaps I should’ve avoided using words like Idiosyncratic and explained it like Mongo.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
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Re: Taliban reclaims Afghanistan
Boy your bringing the heat today.old salt wrote: ↑Thu Sep 16, 2021 8:38 pmInterest rates have not always been this artificially low.Farfromgeneva wrote: ↑Thu Sep 16, 2021 5:49 pmMy point was Susie Orman, er OS, is giving advice that is generic from a Chinese fortune cookie when these are very individual decisions. Based on his response perhaps I should’ve avoided using words like Idiosyncratic and explained it like Mongo.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
Harvard University, out
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
University of Utah, in
I am going to get a 4.0 in damage.
(Afan jealous he didn’t do this first)
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Re: Taliban reclaims Afghanistan
Orman Susie.Farfromgeneva wrote: ↑Thu Sep 16, 2021 8:39 pmBoy your bringing the heat today.old salt wrote: ↑Thu Sep 16, 2021 8:38 pmInterest rates have not always been this artificially low.Farfromgeneva wrote: ↑Thu Sep 16, 2021 5:49 pmMy point was Susie Orman, er OS, is giving advice that is generic from a Chinese fortune cookie when these are very individual decisions. Based on his response perhaps I should’ve avoided using words like Idiosyncratic and explained it like Mongo.MDlaxfan76 wrote: ↑Thu Sep 16, 2021 5:21 pm Seems to me we're a bit off topic?
If we're giving financial advice, I think someone, prob Geneva, did make the point that home mortgage interest remains one of the most affordable ways to have debt, with the double bang of being deductible (up to a point), so if someone has ANY debt, this would probably be the best type to have. Pay off all the credit cards etc first.
Which isn't to say that if I sold my business for enough bucks, I wouldn't take great pleasure in extinguishing ALL my debts, including mortgage...but a financial advisor might well then tell me to take out a mortgage up to the break point for deduction and let that roll along, take the cash and invest in something with a solid shot at further appreciation.
Love to have that problem. First world as they say!
“I wish you would!”